The Flower Mound Town Council will meet Monday to address a proposal to create a special funding district for a delayed mixed-use project.

The developers behind the River Walk at Central Park asked the Town Council earlier this month to create a public improvement district to fund the project. The town would levy assessments on properties in the project to pay for $16 million in improvements, according to an estimate from landowner Baptist Foundation of Texas.

The council will decide at Monday’s special meeting whether to move the proposal forward with a public hearing Aug. 19, a requirement to create the district. Voters would have the final say in a November election.

A proposal to create a municipal management district for the River Walk project failed to pass the state legislature before the end of the regular session.

That would have created a self-governed board, while the Town Council would have ultimate control of a public-improvement district.

The council will meet at 6 p.m. at town hall, 2121 Cross Timbers Road.